Mercy Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable = $70,000; Allowance for Uncollectible Accounts = $1,400 (credit). Mercy estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Required:
1. Estimate the amount of uncollectible receivables.
2. Record the adjusting entry for uncollectible accounts on December 31, 2024.
3. Calculate net accounts receivable reported in the balance sheet.

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Age Group Not yet due 0-30 days past due 31-90 days past due More than 90 days past due Total Amount Receivable $50,000 11,000 8,000 1,000 $70,000 Estimated Percent Uncollectible 15% 20% 45% 85%